Extended prediction markets help participants forecast the token's fully diluted valuation (FDV) on launch day. FDV represents the theoretical market cap if all tokens were in circulation—a key metric for comparing early-stage project valuations. These markets reflect collective assessment of how investors will price the token's potential when trading begins. Several factors influence price discovery on launch day. Team expertise and execution track record shape confidence in the project's direction. Product adoption metrics—active users, transaction volume, or ecosystem engagement—signal real-world utility. Funding history and investor backing indicate financial viability and support level. Broader crypto market sentiment affects risk appetite for new token launches. Token economics matter significantly: supply schedules, unlock timelines, and allocation percentages influence price stability and demand. Developer activity and GitHub metrics reflect ongoing technical progress. Community size, engagement, and partnership announcements build momentum before trading opens. Extended markets typically ask whether FDV will exceed specific thresholds ($300M, $500M, $800M) one day after launch. These questions let participants express nuanced views—some may believe in the project's long-term potential but forecast a conservative initial valuation, while others may expect strong early momentum. Price movements reflect real-time reassessment as new information arrives: regulatory clarity, technical updates, comparable project performances, or shifts in market conditions.